looks like production is about to start. time for a swifty rerate?
About the Author
Chris Murphy
21 comments
extrader
Hi Chris,
I think you got off to a poor start with the one-liner that told us little, but have partly redeemed yourself with the follow-up that gives the reader something to work with.
I'll DSOR (do some own research) and - if still interested - may get back to the board.
So - a qualified 'thanks' for starting the thread.
ATB
chris murphy
atleast a thread exists .with a little luck wiser, cleverer ppl than me will add a few lines. im just hoping this can break and hold above 33.that will bring in alot of new money from ppl simply trading the chart.. i just am happy to take the risk and get in before 33 as its pretty clear to me that this should break on the start of production rns which is any time now.
once 33/34 goes im looking for around 44p. its just a nice looking trade.
chart looks good. newsflow looks spot on. always happy to take 15%losses on these types of plays.more often than not these types of set ups win for me. gl
Murakami
Please keep this discussion civil and focused on the thread topic (Bellzone), or we will have to moderate. Thanks. http://www.stockopedia.com/page/posting-guidelines/
chris murphy
no probem
hopefully if the blasting permits and paperwork is tied up by end of feb as targetted the celebration lift may give ppl something to get interested about. great little stock. ga
chris murphy
Q1 2012
Kalia DFS results
Kalia oxide JORC updates
Maiden production at Forecariah
Forécariah internal tonnage and grade updates
Infrastructure DFS
Mining permits
Fangorn
Judging by your ramping on the New World Oil thread are you surprised that I commented, as I did, on your one liner here.
With respect to your "im sure a few messages on a bb and a few 2k punts from people like you who read them would make not one bit of difference" - rather distasteful in its insinuation, and none too surprising given your posting style to date.
Perhaps you can elaborate on what you mean by "People like you"
You certainly have no knowledge of my investing style,nor the amount I tend to invest that's for sure.
chris murphy
ramped new world?i dont hold position in NEW and was open about when i sold and for what reasons. bought at 4.4 av sold between 10-12. i think youll find bills rps mates did the ramping their thankyou v much i certainly didnt need to.and when i was 'ramping'it at 3.89p i dont remember you being around-maybe you should have listened.:) anyway ANOTHER post adding nothing to the bellzone thread. ramping/deramping....yaaaaawwwwnnnnnn................buy or sell do what you like.noone cares.pls dont feel the need to tell me about it.i i am never interested in other ppl trdes .just post on bbs to pass the time as i watch my positions.if id taken notice of posters on bb id have been long gone by now.90%of ppl who post havent a clue what theyre doing and would lose you money listening to them.im mostly at cash now anyway till i see wether the markets topping or not.i was v vocal in calling the october lows as i was during the summer falls when i was buying-id sold all out in may (sachs clearly called the top back then and i listened) and no i wouldnt suggest to ppl that they shoulld buy as the indisces sit at key resistance levels.im only probing here.but BZM is a great stock and is well worth looking into-which is why i am.and im up!
and weve had news -blast permits in...all ticking along nicely
Nik Zuks, Chief Executive Officer of Bellzone, commented: "With the Ministry of Mines and Geology approving the blast permit and technical aspects of the project, it is clear that the issue of the mining permit is now a procedural matter. The project will be in production and stockpiling material as planned and on schedule. Bellzone, with a cash balance of USD$145m, is in a strong position to manage our JV obligations and continue with our operations and development plans.
There is an air of excitement and expectation through the region as we move into the final stages of bringing Guinea's first commercial iron ore mine to fruition."
Fangorn
I was merely responding to your previous diatribe Murphy. If you don't think you were ramping NEW I suggest you go reread the thread with an open mind - I take it you've forgotten the response your comments there received.
As it happens I've "been around" lurking on the NEW Advfn board for a while., and, for your information, I've been investing successfully for 24 years now.
I'm mostly in cash myself( that Oil, Gold and Silver) at the moment.
Have to say, from your posting style, perhaps you're better suited to Advfn
Enough from me. I've better things to do this morning.
chris murphy
well im 20%up and its behaving as expected.all to play for. 36-44 could be on. gla
anyone got anything worthwhile to say?
chris murphy
fairfax
Bellzone Mining (LON:BZM) – Forecariah Progress Update
• The company updated on progress at its Forecariah JV project in Guinea.
• The company is fast tracking this project and has been pushing forward on mine and plant development.
• Mine and processing plant all ready: All mine, processing and mine hauling equipment are all on site and have been commissioned.
• The first phase of operations accommodation camp has been set up with operations and exploration staff in place.
• Process plant earthworks have been completed and civil works are underway with final plant installation to be completed in early March ahead of first blast.
• Logistics on schedule: The first 10 units of the 20 unit haulage fleet have been sub-contracted to a Guinean company Jamy Services to operatate and manage road safety and maintenance of the haulage operation.
• Development of the port remains on schedule to be able to commence loading and export of production in Q1 2012.
• Blast permits received, full permitting awaited: The company have received approval from the Ministry of Mines and Geology to completed the first blast at Yomboyeli.
• Government approvals have been granted to conduct the construction and installation activities at the port, road and mine site.
• Formal mining approvals still awaited
• Cash balance: The company have a cash balance of US$145m.
Conclusion: Bellzone have moved closer to getting Forecariah up and running with the company confident that permitting is now just a formality. Once the mine is up and running and product sold, the market will be fully able to evaluate the resource quality at Forecariah – this project will provide useful early cashflows for the development of Kalia which has potential to provide much higher value to the company as a fully owned project with much more visible resource quality and tonnage.
Bellzone has significant upside from here as it starts de-risking its iron ore projects with the help of Chinese partners to finance and build the required infrastructure. The value from Kalia will be a significant proportion of the pre-capex cash flows of around an estimated 70% once the project comes on stream. We remain buyers of the stock.
chris murphy
seems odd that someone would put a thumbs down to post 13 when its an analysts comment and may be of interest to someone to read.
sad.
fairfax reiterates 112 target. 50/60 could be on i guess.
Fangorn
Well for your guide it wasn't me that gave post 13, the Fairfax piece a thumbs down(in case that was what you were thinking)
chris murphy
great this stock is performing well im holding main indisces topping but dow through key 1305 i think. so pullback and more to come.
have a feeling 2012 maybe be a rerun of 2011.
sell in may volatile buy october. hope so last may was high prices. ill pop some Graysland charting stuff up worth a look.
all to play for gla.
36 hold and add.
fangorn great! good fortune with your trade.:)atb
chris murphy
traded some at 35.75(some 30.79s) 8000 @35.75 @around 9am nice always happy to take money along the way -will hold and add back again now. core intact great poss breakout..!..belzone is cheap.we all know that.thats alot of cash its sitting on. fully funded means something in this market.going to be bumpy the whole ride.get used to it.just looking for uptrends.... gl. watch the master.
newsflow seems lined up.
geee ftse looks to be topping. looks like 5600 or 6400 is on. expecting some nice wild volatility over next 4 months. as i am this bulls horn to contimnue throbbing for a while. atb(in for a 9-18m0nth play ill be trading along the whole way. will always post my buy sells for general bb info. i like to be transparent.
fan mail is being kindly recieved at the email address.atb
chris murphy
funilly enough with the ftse topping and this high
the main indisces leap or retreat may be how things go for a while.
both gonna break out -one way or the other
in a bullmarket all stocks go up
in a bear market all stocks go down
this is uptrending so could break to the upside.
looking for lines of least resistance and all that
j livermore.
(hitting pivots and all that. bzm has already been slaughtered...it is cheap you know.....lovely little stock......gl.)
chris murphy
38 hmmm.. may add sold positions back to core...close to doing it this morning on confirmation.
buying now gla
chris murphy
http://screencast.com/t/j9APXzodzzD0
just holding off for 32/33 to add never confirmed at 38. ftse rolling over as predicted. gla
